Items tagged with resign

Well, that didn’t take long. Less than a week after a wide-ranging emissions cheating scandal broke involving diesel-engine cars sold in the United States, Martin Winterkorn has announced that he is stepping down from his post as Volkswagen CEO. Although we have a feeling that Winterkorn was kicked out the door with a well-shined wingtip, we’ll just follow the party line that he “resigned.” Earlier this week, Winterkorn attempted to put a brave face on the serious situation, stating, “I personally am deeply sorry that we have broken the trust of our customers and the public. We will cooperate fully...Read more...

Out of nowhere, HP CEO has resigned. Quit. Left the company. Headed for other pastures. Late on a Friday, after most investors had headed out for the weekend, Hewlett-Packard quietly dropped a bomb that their CEO was no more. Effective immediately, CEO Mark Hurd no longer has his CEO title, and CEO Cathie Lesjak has been appointed interim CEO. The reason? Anytime there's a sudden departure, rather than a departure where the existing CEO helps bring on his or her replacement, it usually means scandal. And in this case, it's a scandal. HP has confirmed that there has been a claim of sexual harassment...Read more...

It's no secrect that AMD is struggling as of late due to problems executing and to intense competition from Intel and NVIDIA. In the last few months a number of high ranking executives has resigned, the latest of which appears to be Phil Hester, the company's CTO."(AP) - The chief technology officer and vice president of chip maker Advanced Micro Devices is resigning, the company said Friday.Phil Hester, 52, joined the company in 2005 after working for IBM Corp. for more than 20 years.His resignation comes as AMD struggles amid intense competition from Intel Corp.'s and delays in...Read more...

AMD Announces the Resignation of Dave Orton, former CEO of ATI SUNNYVALE, Calif. -- July 10, 2007 --AMD (NYSE:AMD) announced today that Dave Orton, former president and chief executive officer of ATI Technologies, has resigned as executive vice president of AMD, effective the end of July, 2007. “Dave’s passion and relentless drive catapulted ATI into a solid leadership position in each of the company’s graphics,...Read more...

Last Tuesday it was reported that Hewlett-Packard was having an ongoing internal investigation over who was leaking information to the press, and the source was assumed to be one of the company's directors. CNet news is now reporting that HP may have illegally accessed the phone records of the companies directors, as well as a few journalists, and possibly others. With the current turmoil going on, HP Chairman Patricia Dunn has announced her resignation from the post, with current CEO and President Mark Hurde to take over. "Dunn's...Read more...